Double Check Your 2018 Health Benefit Limits
(c) Thomas Barwick
As you gear up to finalize you 2018 health plan designs and open enrollment materials, this handy chart supplies key tax and ACA figures for 2018. It’s always good to do one last check to make sure you are in compliance with these limits. In addition, don’t forget to use the revised Summaries of Benefits & Coverage template to communicate what your health plan covers and what members pay for covered services.
FINAL AND PROJECTED 2018 HEALTH AND FRINGE BENEFITS LIMITS |
2018 |
Tax-Free Qualified Transportation Fringe Benefits |
|
Monthly parking |
$260* |
Monthly transit passes or commuter highway vehicle |
$260* |
Health FSA Limit |
|
Maximum salary reduction contribution |
$2,650 |
HSA and HDHP Limits |
|
Self –only coverage |
|
Maximum tax-deductible HSA Contribution |
$3,450 |
HDHP minimum annual deductible |
$1,350 |
HDHP out-of-pocket maximum |
$6,650 |
Family coverage |
|
Maximum tax-deductible HSA Contribution |
$6,900 |
HDHP minimum annual deductible |
$2,700 |
HDHP out-of-pocket maximum |
$13,300 |
HSA catch-up contribution limit |
$1,000 |
ACA Nongrandfathered Group Health Plan Out-of-Pocket Maximum |
|
Self-only coverage |
$7,350 |
Family Coverage |
|
Total out-of-pocket maximum |
$14,700 |
Embedded individual out-of-pocket maximum (if applicable) |
$7,350 |
*Mercer projection
This chart first appeared on Mercer Select Intelligence. Not a member? Learn more